Cambodia welcomes US 10% tariff as lower than Thailand and Vietnam, awaits final rate

AI Summary

Cambodia welcomes the US decision to impose a 10% tariff under the Section 301 forced labor component, considering it lower than that imposed on Thailand and Vietnam. Deputy Prime Minister Sun Chanthol expects the overall tariff rate, including excess capacity components, to remain around or below 19%.

Cambodia has welcomed the United States' decision to impose a 10% tariff under the Section 301 forced labour component, with Deputy Prime Minister Sun Chanthol saying the Kingdom secured the lowest rate among the affected economies and expects the pending excess capacity component to keep the overall tariff at around 19% or lower. Cambodia welcomes US 10% tariff as lower than Thailand and Vietnam, awaits final rate appeared first on Khmer Times.